Overview / Commentary
First Choice Federal Credit Union is headquartered in New Castle and is the 123rd largest credit union in the state of Pennsylvania. It is also the 2,418th largest credit union in the nation. It was established in 1952 and as of September of 2019, it had grown to 10 employees and 6,608 members at 2 locations. First Choice Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those who live, work or worship in Lawrence County.
See current membership details
Health
B
Data as of Q3 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First Choice Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8229 |
| Year Chartered | 1952 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.7% |
| Return on Equity - YTD | 7.97% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $45.4MM$44.9MM |
| Loans | Q3 2019vs Q3 2018 | $35.4MM$33.0MM |
| Deposits | Q3 2019vs Q3 2018 | $41.3MM$41.1MM |
| Equity Capital | Q3 2019vs Q3 2018 | $4.0MM$3.7MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $175.00K$161.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $154.00K$168.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |